Siam Global House's earnings turnaround cycle is poised to start, with profits growth of 30% in 2026, 15% in 2027, and 10% in 2028, ttb wealth securities' Pattadol Bunnak says in a research report. Key drivers are rising mix of house brand products, cost cutting, and operating leverage from same-store-sales growth, the analyst says. The Thailand company has refocused on house brand products with new assortments, and targets an increased share of house-brand products of total product mix to at least 30% by 2030 from 26% in 2025. The brokerage raises the stock's target price to 9.00 baht from 8.50 baht with unchanged buy rating. Shares last closed at 6.90 baht. (ronnie.harui@wsj.com)